An Overview of Personal Loans

With the economy in such dire straits, many people are looking to different types of loans to take care of their bills while searching for second jobs. Personal loans are loans made directly to the borrower from a bank or lending house. Covering everything from medical bills to credit cards to student loans, these loans are helping people get what they need, when they need it. While there are many different types of personal loans, the can all be categorized as one of two different types: secured and unsecured. Which type of loan you get is dependent on what you will be using the money for. Some loans are available in both secured and unsecured options, while others are only found as one or the other.

Secured personal loans are provided by specific lenders, and have their repayment secured by a physical item. This is how they get their classification. The two most common types of secured loans are home mortgages and car loans. The loans are made specifically for a single purchase. This purchase is repaid in set amounts every month over the length of the loan. If payments are ceased, the lender repossesses the item – the car or the house – in lieu of payment. In contrast, Unsecured Personal Loans are the more common and the more recognizable. Unsecured loans cover a vast majority of ground, from store lines of credit to student loans to medical bills. Once these loans are issued, they can be used for a range of items and services. In addition, many unsecured loans have variable interest rates that can change monthly or annually.

For people who need extra money to pay for a car or a college education, personal loans are available to help fund their needs lenders are available for all credit situations.

UAE: IMF urges caution on mega projects

In response to IMF concerns, the UAE authorities have said that the GREs have been proactive in managing debt repayments. In Dubai, the major debt restructurings from the 2008-09 crisis have been completed, several GREs made early repayments of upcoming maturities, and Dubai World agreed with its creditors to reschedule a large maturity due in 2018. With this, stronger financial positions and lengthened maturity profiles have further reduced debt-related risks. Nonetheless, total government and GRE debt in Dubai continues to be significant at 136 per cent of Dubai GDP, and tighter global financial conditions could imply markedly higher financing costs for the GREs. In Abu Dhabi, GREs have substantially...

Why Are So Many Latino Americans Struggling to Get Mortgages?

Hispanic mortgage applicants were denied loans at twice the rate of non-Hispanic white applicants in 2013 (22% vs. 11% denial rates), and in the same year, Latinos accounted for only 7.3% of purchase mortgages, even though they make up 17% of the US population, according to the report. (The report uses Hispanic and Latino interchangeably.)

In the report, that disparity is largely attributed to the use of conventional credit scoring models and the lack of affordable home options. Despite these obstacles, Hispanics represent half of the US homeownership growth since 2010, with 614,000 more Hispanics becoming homeowners in that time.

While Hispanics remain poised to drive homeownership...

Encore Capital Group (NASDAQ:ECPG) Revenue Disclosure

Encore Capital Group, Inc. (Encore) is engaged in consumer debt buying and recovery. Encore purchases portfolios of defaulted consumer receivables at deep discounts to face value and use a variety of operational channels to maximize its collections from these portfolios. Defaulted receivables are consumers unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, auto finance companies, and telecommunication companies, and may also include receivables subject to bankruptcy proceedings, or consumer bankruptcy receivables. In February 2014, the Companys subsidiary Cabot Credit Management acquired Marlin Financial Group....

Mortgages issued by lenders up this year, almost on par with national average

Lenders have been issuing Las Vegas homebuyers more mortgages this past year, but volume still pales in comparison to the peak of the real estate bubble, a new report says.

A total of 8,191 mortgages were doled out for home purchases in Southern Nevada in the three months ending June 30, up 8 percent from the same period last year, according to RealtyTrac.

The pace was just behind the national average. Lenders issued roughly 738,000 loans for purchases nationally in the second quarter, up 9 percent year-over-year.

Meanwhile, lenders have been refinancing mortgages locally and across the country at a rapid pace this past year amid historically low interest rates that, despite...

Macquarie Maintains Encore Capital Group ECPG to Outperform with Price Target …

Encore Capital Group, Inc. (Encore) is engaged in consumer debt buying and recovery. Encore purchases portfolios of defaulted consumer receivables at deep discounts to face value and use a variety of operational channels to maximize its collections from these portfolios. Defaulted receivables are consumers unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, auto finance companies, and telecommunication companies, and may also include receivables subject to bankruptcy proceedings, or consumer bankruptcy receivables. In February 2014, the Companys subsidiary Cabot Credit Management acquired Marlin Financial Group....

US Department Of Education Offers Advice To Students Who Did Not Receive …

PAYMENT PLANS
Having a payment plans or scheme beneficial for students would be a great help indeed. Payment plans would mean spread payment of remaining costs that students owe the school.

CAPS Special Circumstances Reevaluation
School are not required to reevaluate but may do take a second look on the financial capability of the students family on paying tuition fees. The school may require the student to submit documentation for financial aid offices reevaluation.

Additional Federal Student Loans and Emergency Advances or Institutional Loans
Students may also avail of the additional federal student loans. Just contact your financial aid officer. Also,...

After Hillary Clinton Attacks Scott Walker’s Education Record, He Calls Her A Name

Democratic presidential hopeful Hillary Clinton criticized Wisconsin Gov. Scott Walker's (R) education record at a town hall meeting in Claremont, New Hampshire. Clinton has been introducing voters to her new college affordability plan, the College Compact, which would encourage states to gradually increase spending on public colleges and curb tuition increase through grants. It would be paid for by placing a cap on the itemized deductions higher income households are able to take through tax returns.

And you take somebody like Governor Walker of Wisconsin, who seems to be delighting in slashing the investment in higher education in his state; in making it more difficult for students...

Redtape Hampers Uptake of Business Loans

The private sector has asked the government to ease accessibility to youth and women business loans whose uptake has been slowed by too many requirements.

The stakeholders who met on Friday at a post 2015 Global Entrepreneurship Summit workshop said enhancing access to capital will enable entrepreneurs to successfully launch businesses that can attract more investors.



On the House: Presidential hopefuls and the mortgages they keep

You cant tell the 2016 presidential hopefuls without a scorecard, but thanks to the Loan Depot, we know something about their houses and how much their mortgages are.

I cant do them all in this space, so if anyone thinks Ive slighted their favorite hopeful, you can view the full list here.

Jeb and Columba Bush live in Coral Gables, in a 3,485-square-foot, four-bedroom, four-bath townhouse purchased in August 2011 for $1.3 million. Its assessed value in 2014 was $1.1 million. In July 2013, public records show, they refinanced their mortgage to a 30-year conventional loan for $754,000.

Hillary and Bill Clinton own a five-bedroom, four-bathroom 5,232 square-foot Colonial...

San Francisco startup aims to change how Americans get home mortgages (Video)

LendingHome CEO Matt Humphrey sees the mortgage industry as ripe for innovation. The San Francisco-based marketplace lender says it can process mortgages at one-third of the cost of a traditional lender. There are so many ways the industry needs innovation and needs a fresh approach, Humphrey said.



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